Portland, OR, Nov. 03, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global residential real estate market was pegged at $8,567.4 billion in 2019 and is estimated to hit $12,182.1 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Rapid urbanization in developing countries and several government policies & housing schemes fuel the growth of the global residential real estate market.